Trust Co. of Oklahoma trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,607 shares of the semiconductor manufacturer’s stock after selling 228 shares during the period. Trust Co. of Oklahoma’s holdings in Advanced Micro Devices were worth $525,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 50.6% in the 1st quarter. Eagle Bay Advisors LLC now owns 679 shares of the semiconductor manufacturer’s stock worth $29,000 after acquiring an additional 228 shares during the last quarter. Tucker Asset Management LLC purchased a new stake in Advanced Micro Devices during the 1st quarter valued at about $31,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $37,000. Samalin Investment Counsel LLC raised its position in Advanced Micro Devices by 112.5% during the 1st quarter. Samalin Investment Counsel LLC now owns 340 shares of the semiconductor manufacturer’s stock valued at $37,000 after purchasing an additional 180 shares during the last quarter. Finally, NewSquare Capital LLC grew its position in shares of Advanced Micro Devices by 170.8% in the 1st quarter. NewSquare Capital LLC now owns 417 shares of the semiconductor manufacturer’s stock worth $41,000 after buying an additional 263 shares during the last quarter. 68.43% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently issued reports on AMD. Bank of America boosted their target price on Advanced Micro Devices from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Craig Hallum increased their price target on shares of Advanced Micro Devices from $100.00 to $158.00 in a research note on Wednesday, June 14th. Morgan Stanley reissued an “overweight” rating and set a $138.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 2nd. Jefferies Financial Group boosted their price target on Advanced Micro Devices from $100.00 to $145.00 in a research report on Wednesday, June 14th. Finally, Citigroup raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $120.00 to $136.00 in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $135.19.
Advanced Micro Devices Stock Performance
Shares of NASDAQ AMD traded down $0.13 during mid-day trading on Monday, hitting $101.36. The stock had a trading volume of 23,277,373 shares, compared to its average volume of 63,725,883. Advanced Micro Devices, Inc. has a twelve month low of $54.57 and a twelve month high of $132.83. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.58 and a current ratio of 2.18. The firm has a market cap of $163.76 billion, a PE ratio of -5,074.50, a PEG ratio of 5.98 and a beta of 1.80. The company has a 50 day moving average of $109.97 and a two-hundred day moving average of $104.65.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its quarterly earnings data on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. Advanced Micro Devices had a positive return on equity of 5.69% and a negative net margin of 0.11%. The company had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same period last year, the company earned $0.91 earnings per share. Advanced Micro Devices’s quarterly revenue was down 18.2% compared to the same quarter last year. Research analysts predict that Advanced Micro Devices, Inc. will post 2.01 EPS for the current fiscal year.
Insider Activity at Advanced Micro Devices
In related news, EVP Mark D. Papermaster sold 31,701 shares of the stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $111.49, for a total value of $3,534,344.49. Following the completion of the transaction, the executive vice president now directly owns 1,513,245 shares in the company, valued at $168,711,685.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Mark D. Papermaster sold 31,701 shares of the firm’s stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $111.49, for a total transaction of $3,534,344.49. Following the completion of the transaction, the executive vice president now directly owns 1,513,245 shares in the company, valued at $168,711,685.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Lisa T. Su sold 75,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $105.40, for a total value of $7,905,000.00. Following the transaction, the chief executive officer now directly owns 3,358,721 shares in the company, valued at approximately $354,009,193.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 196,643 shares of company stock valued at $21,395,584. 0.73% of the stock is owned by insiders.
Advanced Micro Devices Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.
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